You can switch off notifications anytime using browser settings.
Jammu and Kashmir BJP writes to EC; demands FIR against Congress leaders for MCC violation
Pragya Thakurs comment on Karkare her personal view, Karkare a martyr: BJP
H D Kumaraswamy accuses PM of not sharing details of Balakot air strikes
View: The debate India must have after the 2019 Lok Sabha elections
Debate with our youth wing chief, Amit Shah taunts Rahul Gandhi
Congress demands PMs apology over Pragya Thakurs comments on 26/11 martyr Hemant Karkare
Priyanka Gandhi holds strategy meeting in Amethi
Unleash the power of SIP – Invest in Mutual funds
Here is a list of top 10 mutual fund schemes handpicked by ET Mutual Funds.
Which are thetop 10 mutual funds? That is how many mutual fund investors start their investment process. Mostly it would start with an online search: top 10 mutual fund schemes to invest. In some cases, it would be a rhetorical query to friends or colleagues. What we are trying to say that most investors want a ready made list of schemes to start investing inmutual funds.
However, an online search would often take them to online sties which list mutual fund schemes based on their performance over a very short period. Sometimes, schemes from a single category may dominate the list because it is the flavour of the season. In short, most of these questions and searches are in vain. Even if one finds a list that looks appealing, the conviction is very low. No wonder, many investors keep wondering whether they picked up the right schemes even after investing in them for a few years.
That is why ET Mutual Funds decided to come with our own list of Top 10 mutual fund schemes. We have picked up two schemes from five different categories — large and mid cap, multicap, value,ELSSor tax saving schemes and aggressive hybrid schemes which we believe should be enough for regular mutual fund investors. Here is the list of schemes. For more details look at the table below.
We believe that the list would be a good starting point to new investors looking to invest in mutual funds. Mostly, new investors start with Equity Linked Savings Schemes (ELSSs) or tax saving/mutual fund schemes. Investments in these schemes qualify for tax deductions of up to Rs 1.5 lakh under Section 80C of the Income Tax Act. These schemes are ideal for new investors as they come with a mandatory lock-in period of three years and it helps investors tackle volatility typically associated with equity mutual funds.
Equity-oriented hybrid schemes or balanced schemes are also ideal for novices to the stock market. These schemes invest in a mix of equity (minimum 65 per cent) and debt, and they are relatively less volatile than pure equity schemes that invest the entire corpus in stocks. Equity-oriented hybrid schemes are the best investment vehicle for investors looking to create long-term wealth without much volatility.
A regular investor looking to invest in the stock market need not look beyond mutlicap mutual funds or diversified equity schemes. These schemes invest across market capitalisation based on the view of the fund manager. They invest mostly in largecap and midcap stocks, with a small allocation to smallcap stocks. A regular investor can benefit from the uptrend in any of the sectors, categories of stocks by investing in these schemes.
Some investors want to play extremely safe even while investing in stocks. Largecap schemes are meant for such individuals. These schemes invest in top 100 stocks and they are relatively safer than other stocks. They are also relatively less volatile than midcap and smallcap schemes. In short, you should invest in largecap schemes if you are looking for modest returns with relative stability.
What about aggressive investors looking to take extra returns by taking extra risk? Well, they can bet on midcap schemes that invest mostly in medium sized companies. These schemes can be a bit volatile, but they also have the potential to offer superior returns over a long period. You can invest in midcap schemes if you have a long-term investment horizon and an appetite for higher risk.
Looking for an equity mutual fund SIP portfolios to start investing to create wealth over a long period? Here are recommended equity mutual fund SIP portfolios for three different risk profiles – conservative, moderate, aggressive – and three different basket of SIP investments. For more, read:Best mutual funds to invest in 2018.
Planning to invest in mutual funds to build a retirement corpus? Here is what you should know.Invest in zero commissions direct mutual funds with ETMONEY. Start SIP as low as ₹500/month.0CommentsScheme NameNAVAUM
(%)Mirae Asset Tax Saver Direct-G2.147.6513.4210.5622.70Mirae Asset Tax Saver Reg-G1.977.1812.429.0721.06Invest NowMotilal Oswal Long Term Equity Fund Direct-Growth
ICICI Prudential Long Term Equity Fund (Tax Saving)- Growth
ELSS2.287.3011.654.8515.21Invest NowUTI Equity Fund Direct-Growth
Multi Cap2.477.2210.767.7714.05UTI Mastershare Direct-Growth
Large Cap2.416.8511.427.7313.45UTI Nifty Index Fund Direct-Growth
Large Cap2.557.9912.8412.8715.26UTI Money Market Fund Direct-Growth
Money Market0.742.124.358.397.52SBI Bluechip Direct Plan-Growth
Large Cap2.487.1512.922.9712.31Motilal Oswal Focused 25 Fund Direct-Growth
Large Cap2.517.0212.393.8114.12Invest NowICICI Prudential Nifty Next 50 Index Direct-Growth
Large Cap1.553.698.08-5.3114.55Invesco India Growth Opportunities Fund-Growth
Large & MidCap1.656.5810.853.2615.52Invest NowDSP Midcap Direct Plan-Growth
Mid Cap1.975.9012.02-3.1915.56Start SIPCanara Robeco Emerging Equities Fund Regular-Growth
Large & MidCap1.916.4511.93-0.0816.92Mirae Asset India Equity Fund Regular- Growth
Multi Cap1.847.4312.3410.7317.26Invest NowDSP Focus Direct Plan-Growth
Multi Cap2.088.6813.243.4511.92Start SIPMotilal Oswal Multicap 35 Fund Direct-Growth
Multi Cap0.715.4211.86-3.0415.79Invest NowTata Retirement Savings Fund Progressive Plan Direct-Growth
Multi Cap1.686.1812.781.5517.40L&T Midcap Fund Direct-Growth
Mid Cap2.553.376.80-6.4817.29Motilal Oswal Midcap 30 Fund Direct-Growth
Mid Cap2.376.5810.10-1.579.56Invest NowHDFC Mid-Cap Opportunities Fund-Growth
Mid Cap1.845.8310.26-5.7014.11Invest NowL&T Emerging Businesses Fund-Growth
Small Cap0.531.601.69-12.7918.96Invest NowDSP Small Cap Direct Plan-Growth
Small Cap1.535.187.23-15.309.39Start SIPDSP Equity Opportunities Direct Plan-Growth
Large & MidCap1.517.3112.402.4615.33Start SIPDSP Credit Risk Direct Plan-Growth
Credit Risk0.742.390.23-1.215.13Start SIPSBI Small Cap Fund-Growth
Small Cap1.524.686.56-10.8016.35Invest NowICICI Prudential Value Discovery Fund-Growth
Value Oriented2.135.443.352.659.52Invesco India Contra Fund Direct-Growth
Value Oriented0.655.819.262.7717.97Motilal Oswal Long Term Equity Fund Direct-Growth
– Returns less then 1 year are absolute and above 1 year are annualised.
– Returns of 1 year are absolute and above 1 year are annualised..
Start Investing with ICICI Prudential Mutual Fund. Click Here
Commenting feature is disabled in your country/region.
DownloadThe Economic Times Business News Appfor the Latest News in Business, Share Market & More.
Criminal record publicity expenses: No relief for candidates
Can I invest in these mutual funds for five to 10 years?
What are mutual funds and how to invest in them?
Lok Sabha polls: Congress, BJP spar over corruption in MP
Some mutual funds have taken risky bets on Essel Group, IL&FS. Are they really equipped to evaluate credit risks?
Best mutual fund portfolio for a new investor
Is it time to shift your debt mutual fund investments to safer bank deposits?
Define your risk before you invest in debt mutual funds
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights:Times Syndication Service
ICICI Prudential Credit Risk Fund: Fund review
Can tax saving mutual funds help you to achieve your long-term financial goals?
Franklin India Prima Fund completes 25 years with 19.55% annual returns
Choose your reason below and click on the Report button. This will alert our moderators to take action